Published Jul 17, 2026, 12:59 AM ET · Updated 4 months ago · 2 sources
NEW: Taiwan has sentenced the ringleader behind crypto exchange BitShine to 22 years in prison for defrauding over 1,500 victims of NT$1.27 billion ($39M), per local media. Prosecutors said the operation collaborated with fraud rings to launder victims' money through USDT and move it overseas.
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Original Report
NEW: Taiwan has sentenced the ringleader behind crypto exchange BitShine to 22 years in prison for defrauding over 1,500 victims of NT$1.27 billion ($39M), per local media. Prosecutors said the operation collaborated with fraud rings to launder victims' money through USDT and move it overseas.